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Life Insurance Worksheet Form Software
The main purpose of life insurance is to replace a person's income in the event of their death. It can also be a useful tool in other circumstances, such as estate planning or business succession planning.
Once you decide whether or not you need life insurance, you will need to determine how much you need. While you don't want to over-insure, you want to make sure that you buy enough to replace the insured's income as well as
pay for burial expenses and pay off any debts you have incurred. A figure that we have heard often is that you need
about five times your annual income.
Use this worksheet to thelp you determine what you need.
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